Two months into its most lucrative season, Hollywood's summer is down nearly 20 percent from last year at North American theaters.
Sequels: The top six movies at the summer box office are all either sequels, reboots or new twists on old properties: "X-Men: Days of Future Past," ($227 million), "Maleficent" ($215 million), "The Amazing Spider-Man 2" ($201 million), "Godzilla" ($198 million), "Transformers: Age of Extinction" ($180 million) and "22 Jump Street" ($161 million). The "Dawn of the Planet of the Apes," out this weekend, is expected to be big.
Anything by Phil Lord and Chris Miller: The directing pair have two of the year's top 10 films: "The Lego Movie" ($257 million) and "22 Jump Street." Both became hits by parodying their own crassness as a toy movie and unnecessary sequel.
Family fare: Disney's "Maleficent" has benefited from the relative dearth of kid-friendly options by appealing to families. But the other family films, "How to Train Your Dragon 2" ($142 million) and "Rio 2" ($142 million), have failed to generate the kind of summer box office usually expected of such big-budget animated releases.
Comedies without Seth Rogen: Rogen's "Neighbors" ($148 million) and "22 Jump Street" (he makes a cameo) are the two biggest comedies of the year. But releases led by Melissa McCarthy, Adam Sandler and Seth MacFarlane have struggled.
NEW YORK - Hollywood's summer at the box office isn't just missing nearly 20 percent of last summer's revenue. It's lacking swagger.
Summer usually is the season for megabudget, chest-thumping, globetrotting monstrosities - films so big they lure droves of Americans with heavily promoted promises of shock and awe. But this season's blockbuster output has been curiously low on the summer's stock in trade: bigness.
Two months into the summer, there haven't been any $300 million grossers at the North American box office. The only movie to surpass $100 million in its weekend debut was "Transformers: Age of Extinction," and it did so by such a small smidge that some box-office watchers claimed it was artificially inflated. The Fourth of July, the customary launching pad for some of Hollywood's flashiest fireworks, was the worst July 4th weekend in at least a decade.
"The first half of the year was extremely strong, as was last year," says Dan Fellman, domestic distribution head for Warner Bros. "Then all of a sudden, it turned the other way."
Since kicking off in early May, the summer box office has totaled $2.25 billion, a 19.3 percent downturn from last summer. Propelled by hit sequels like "Iron Man 3" and "Despicable Me 2," last year was a record summer at the box office, despite a series of high-profile bombs such as "The Lone Ranger," "White House Down" and "After Earth."
But when you bet big, you can also win big. While Hollywood's summer has featured no shortage of major blockbusters, it has in some ways been more content to hit a double than swing for the fences. This summer's box office has been dragged down not so much by flops than by a slate of more modestly ambitious movies.
The only major new July 4 release was the Melissa McCarthy comedy "Tammy," made for just $20 million, debuted with a lackluster $21.6 million. One of the season's biggest sensations, "The Fault in Our Stars," was a niche-based hit that appealed to the ardent fans of John Green's young adult book. A whopping 82 percent of its $48 million opening weekend was female. The ensemble comedy sequel "Think Like a Man Too" topped a weekend in June with $29.2 million despite little crossover appeal.
These movies will likely all be quite profitable for their respective studios due to their cost-conscious budgets. But they aren't superhero-sized hits.
Many of the blockbusters have seen revenue quickly tumble after the first weekend or two. Paramount's "Transformers" - the biggest movie of the summer - nosedived 63 percent in its second weekend. "X-Men: Days of Future Past" opened big with $90.8 million but slid 64 percent the following week. "Godzilla" bowed with $93.2 million, only to drop 67 percent.
Age of distractions
Large declines aren't uncommon in the blockbuster business, where so much of the marketing push is for opening weekend. But such steep fall-offs contribute to anxiety over the ability of movies to capture and hold the attention of moviegoers in an age of so many other entertainment options. DreamWorks' "How to Train Your Dragon 2" was set up to be the big animated option of the summer following the popularity of the Oscar-nominated original. But it has seen an oddly muted reception, thus far totaling $141.7 million domestically, well below the $368 million domestic haul of "Despicable Me 2." DreamWorks Animation head Jeffrey Katzenberg has been cynical about the movie industry of late, calling it "not a growth business."
Instead, the studios have been banking on their biggest growth coming from overseas markets. Michael Bay's "Transformers" for Paramount emphasized China more than North America. It launched its global assault from there and it was rewarded by becoming China's all-time top box-office film, with $223 million in just two weeks.
Overseas, star power and spectacle often go further than in North America. Angelina Jolie and Disney's "Maleficent" has brought in $416 million internationally, while Tom Cruise and "Edge of Tomorrow" has nearly tripled its domestic total of $91.4 million to $248.6 million abroad.
"We're in a global business today and if we lose a little ground in the domestic marketplace, we can pick it up internationally," says Fellman.
But overseas business is little use for North American theaters. Fellman notes it's the exhibitors "that are really suffering this summer."
Yet because of a strong spring led by "Captain America: The Winter Soldier" and "The Lego Movie" (the year's top two domestic releases at this point), the total 2014 box office is down only 3.9 percent from last year.
"We have 'Dawn of the Planet of the Apes' on the way and 'Guardians of the Galaxy,"' says Paul Dergarabedian, senior media analyst for box-office tracker Rentrak. "Luckily there are what I think will be solid performers on the way. The summer's not over."
But, really, most of the optimism now has shifted to 2015, when Marvel's "Avengers: Age of Ultron" may become the highest grossing movie of all time. There's a general sentiment that the summer of 2014 is simply an in-between summer.
"Ultimately," says Dergarabedian, "it does come down to the product."
A scene from “Transformers: Age of Extinction.” Many of the blockbusters have seen revenue quickly tumble after the first weekend or two.×
Mark Wahlberg is shown in a scene from “Transformers: Age of Extinction.” Many of the blockbusters have seen revenue quickly tumble after the first weekend or two.×
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